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An Ontario Music Store selling Education Lessons and Taxable Products provides you that the following HST Included Financial information for this month: Chairs and Piano
An Ontario Music Store selling Education Lessons and Taxable Products provides you that the following HST Included Financial information for this month:
Chairs and Piano Revenue | $10,000 |
Music Lesson Revenue | $20,000 |
Bad debt on Music Lessons sold last month. (Hint: Music Lesson are HST Exempt Status) | 50% of $1,000 of Revenue sold last month and recognized as bad debt for HST purposes. |
Taxable Office Expenses Purchased for selling Chairs and Pianos | $500 |
The Net HST Payment, rounded to the nearest dollar for this month will be?
1,150 | ||
1,092 | ||
6,784 | ||
3,334 |
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